You will find a wide array of creative New Jersey sports betting promotions at elite sportsbook operators like Caesars Sportsbook, BetMGM, and FanDuel Sportsbook. They include profit boosts, bet and get deals, odds boosts, insurance deals, bonus bets, contests, prize boards, leaderboard challenges, and much more.
These are the most common New Jersey sports betting promotions:
This is arguably the most common form of New Jersey sports betting promotion, although it is increasingly referred to using different terminologies, such as first bet insurance, a No Sweat First Bet, or a Second Chance Bonus Bet. The concept is the same: place a bet and get a 100% rebate if it loses. Unibet NJ pays out the rebate in cash, but it is issued as bonus funds with a 1x rollover requirement at all other NJ sportsbooks.
This is now a reasonably rare New Jersey sportsbook welcome offer, whereby the sportsbook matches a certain percentage of your initial deposit amount. It could be a 100% deposit bonus, up to $250, which BetRivers NJ previously offered, or the 20%, up to $1,000, bonus that regularly appears at DraftKings Sportsbook in New Jersey. You need to play the bonus funds through a certain number of times -- typically just once -- before withdrawing.
NJ online sportsbooks offer referral bonuses to encourage you to send your friends to the site or the mobile app. You can request a referral link at sportsbooks in New Jersey such as Caesars Sportsbook, BetMGM, FanDuel Sportsbook, and DraftKings Sportsbook, and then pass it on to a friend. If your friend registers and makes a minimum deposit, you will receive a bonus bet -- worth $100 at Caesars Sportsbook and $50 at various other NJ online sportsbooks -- and your friend often gets one too.
Loyalty programs such as Caesars Rewards and MGM Rewards earn you loyalty points when you place bets. These points gradually pile up, and you can then redeem them for bonus bets. You will also rise up through the loyalty program tiers, which can earn you great rewards when you visit a retail property owned by the sportsbook's parent company -- such as Caesars Atlantic City for Caesars Sportsbook users and Borgata for BetMGM customers.
Understanding New Jersey Sports Betting Promos Terms & Conditions
The best New Jersey sports betting promo offers will lay out the terms and conditions in clear, concise language.
By completing NJ online sportsbook reviews, we've pinpointed a few key terms to look out for when assessing the appeal of betting promos in New Jersey:
What Is A 'Rollover' Or 'Playthrough' Requirement?
This tells a bettor how many times the bonus funds need to be played through before a withdrawal is permitted. For example, if you have $150 in bonus funds, with a 1x rollover requirement, you just need to place $150 worth of wagers before you can cash out your winnings. If it has a 3x rollover requirement, you must place $450 worth of wagers.
When Do I Deposit After Signing Up With A New Jersey Betting Promo?
When you sign up for a sports betting account in New Jersey, you need to make a deposit and potentially place a qualifying bet within a certain timeframe. If you fail to do so, you will not receive the New Jersey sportsbook welcome offer. You also need to satisfy the rollover requirements on your bonus funds in a clearly defined period of time -- normally seven days, 14 days, or 28 days -- and they will be removed from your account if you fail to do so.
What Does A Qualifying Bet Mean?
Most NJ sportsbook promos will only be activated if you place a bet of a certain size after signing up. For example, a $5 wager is required for the Bet $5, Win $200 bonus at DraftKings Sportsbook, while a bet of at least $10 is required to claim the BetMGM NJ bonus code ROTOBONUS offer. If you were to place a $9 wager, you would not qualify.